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Unicaja loses 1 million euros in the fourth quarter after increasing provisions

Paudal by Paudal
January 31, 2023
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FILE PHOTO: The Unicaja logo is seen outside a branch of the bank in Ronda, Andalusia, Spain, October 26, 2022. REUTERS/Jon NazcaFILE PHOTO: The Unicaja logo is seen outside a branch of the bank in Ronda, Andalusia, Spain, October 26, 2022. REUTERS/Jon Nazca

MADRID, Jan 31 (Reuters) – Spanish bank Unicaja said on Tuesday it posted a net loss of 1 million euros ($1.08 million) in the fourth quarter after raising loan-loss provisions.

Analysts polled by Reuters expected a net profit of 35 million euros.

In the same period of the previous year, Unicaja recorded losses of 18 million euros due to extraordinary charges and lower credit income.

(1 dollar = 0.9227 euros)

(Reporting by Jesús Aguado; editing by Inti Landauro; editing in Spanish by Darío Fernández)


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Tags: eurosfourthincreasinglosesMillionprovisionsquarterUnicaja

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